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Mar 21, 2013 7:00pm EDT
. what's next for cyprus? with us, dan greenhouse, gary shapiro joins us, author of "ninja innovation" and larry mcdonald, head of global strategy at new edge. he's got a totally different take on this cyprus story. you said, i read your article today, you believe cyprus will be solved this weekend, the banks will reopen next week. tell me why. >> they're holding all the cards, larry. in september, five years ago it was a game of chicken. it was the biggest game of chicken all time. when the u.s. government let lehman go, it made the aig bailout ten times more expensive. >> how does this apply to the eurozone? >> if you let cyprus go, germany and the eurozone has already invested 600 billion in greece, in portugal. it weakens those economies dramatically, weakens those countries. and it also weakens italy. >> you're saying potential contagion. finally, how does it get resolved? michelle is talking about a good bank/bad bank, nobody pays on deposits up to $100,000. the bailout is 10 billion euros from the european -- ecb. the bail-in is about $6 billion euros. so greece is looking for
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